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5686 Mayflower Way #707 🌊 Lakefront
D+ Composite 48.77
Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • ARV discount +15.0/15.0
  • Cash flow +7.1/30.0
  • Schools +6.0/10.0
  • 1% rule +5.1/10.0
  • Appreciation +4.5/10.0
  • Condition / age +4.0/5.0
  • Rent growth +3.2/5.0
  • Livability +2.5/5.0
  • DSCR +1.3/10.0

$315,999

5686 Mayflower Way #707 · Ave Maria, FL 34142
2 bd · 2.0 ba · 1,538 sqft · Condo public records · 152 Days on market
Built 2023 Good condition 1-car garage $205/sqft · 21% below area Est $399k · 21% under · waterfront $793/mo HOA · 25% of rent ↓ 3% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Welcome to this beautifully upgraded Egret Model Carriage Home, where thoughtful design meets effortless luxury. This 2-bedroom + den, 2-bath residence stands out with extensive custom upgrades throughout—far beyond builder grade. From the moment you enter, you’ll notice the elevated finishes: crown molding throughout, fresh interior paint, elegant tile flooring (no carpet), and custom-designed primary closet and laundry room that add both function and style. The home also features upgraded appliances and smart home technology, offering modern convenience at every turn.

Key facts

  • Custom upgrades
  • Upgraded appliances
  • Crown molding

Tags

CUSTOM UPGRADESCROWN MOLDINGELEGANT TILE FLOORINGCUSTOM-DESIGNED PRIMARY CLOSETUPGRADED APPLIANCESSMART HOME TECHNOLOGY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $316k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-444 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $238k (24.8% below list).
  • Meets the 1% rule at list price ($3k rent vs $316k).
  • Recommended offer: $238k (24.8% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
  • Collier (suburban): math 60% / reading 56% proficiency, ranked #16 of 73 in FL (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Estates Elementary School (math 70% / reading 67%, grade B+, #409 of 2,144 statewide, top 20%, 862 students, 53% FRL); Corkscrew Middle School (math 68% / reading 59%, grade B+, #109 of 571 statewide, top 19%, 958 students, 43% FRL); Palmetto Ridge High School (math 43% / reading 51%, grade D-, #207 of 667 statewide, top 32%, 2,347 students, 38% FRL).
  • Market conditions: Rents rising (+3.0%/yr); 610 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
  • At $3,199/mo this rent would consume 62% of the median local household income ($62k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-1.1%/yr); year-one equity from $2k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Collier County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 152 days — a 12% lower offer ($278k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 25% of rent.
Recommended offer $237,612 (24.8% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 152 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  11. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  12. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.01%
Cap rate
4.61%
Cash-on-cash
-6.02%
DSCR
0.73
GRM
8.2

CMA / ARV

ARV (median comp)
$398,967
List price
$315,999
Delta
-20.80%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi

Projected returns pro-forma

-1.05% appreciation · 2.95% rent growth · sell at horizon

5-year hold
IRR
-13.9%
Equity multiple
0.41×
Total profit
$-52,370
Equity at exit
$75,548
10-year hold
IRR
-7.0%
Equity multiple
0.37×
Total profit
$-55,459
Equity at exit
$78,709

Cash invested: $88,480 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Florida
87 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Active competition Active MLS

For sale now
1 active
Median asking
$335,000 ($185/sqft)
Median days on market
34 d
This list price
lowest-priced of the active set
ARV vs active asking
+40.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34142

Home prices YoY
-0.5%
Rents YoY
3.0%
Active inventory
610
Price-to-rent
8.2×

Monthly cashflow live

Estimated rent
$3,199 high interval (Pro) →
Mortgage (P&I)
$1,657
Tax from tax record
$389 /mo · $4,673/yr
Insurance
$132
HOA
$793
Vacancy / Maint / Mgmt
$672
Net cashflow
$-444

Break-even live

Break-even rent $3,761
Max offer price $237,612
Occupancy floor

Sensitivity live

Price -10% $-265 -5% $-354 +0% $-444 +5% $-533 +10% $-623
Rent -10% $-696 -5% $-570 +0% $-444 +5% $-317 +10% $-191
Rate -1.0pp $-285 -0.5pp $-363 base $-444 +0.5pp $-526 +1.0pp $-609

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$79,000
Closing costs
$9,480
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5690 Mayflower Way Ave Maria, FL 3.0 2.0 1815 $3,295 $1.82 119d 1 0.04mi
5690 Mayflower Way #601 Ave Maria, FL 3.0 2.0 1815 $5,500 $3.03 119d 1 0.04mi
5698 Mayflower Way #405 Ave Maria, FL 2.0 2.0 1868 $5,495 $2.94 6d 1 0.09mi
5697 Mayflower Way Ave Maria, FL 2.0 2.0 1538 $2,495 $1.62 119d 1 0.10mi
5705 Mayflower Way #1407 Ave Maria, FL 2.0 2.0 1536 $2,250 $1.46 119d 1 0.16mi
5784 Declaration Ct Ave Maria, FL 3.0 2.0 1416 $2,495 $1.76 0d 1 0.16mi
5728 Mayflower Way Ave Maria, FL 3.0 3.0 2087 $2,650 $1.27 119d 1 0.23mi
5709 Constitution St Ave Maria, FL 2.0 2.0 1900 $2,400 $1.26 119d 1 0.24mi
5769 Mayflower Way Ave Maria, FL 2.0 2.0 1554 $4,000 $2.57 119d 1 0.28mi
5309 Beckton Rd Ave Maria, FL 3.0 2.5 2051 $2,395 $1.17 119d 1 0.39mi
5462 Useppa Dr Ave Maria, FL 3.0 2.5 1650 $2,250 $1.36 6d 1 0.47mi
5357 Brin Way Ave Maria, FL 3.0 2.5 1924 $2,495 $1.30 6d 1 0.53mi
5935 Mayflower Way Ave Maria, FL 2.0 2.0 1460 $2,550 $1.75 119d 1 0.54mi
5935 Mayflower Way Ave Maria, FL 2.0 2.0 1460 $2,550 $1.75 6d 1 0.54mi
5988 Mayflower Way Ave Maria, FL 2.0 2.0 1602 $5,200 $3.25 119d 1 0.58mi
5538 Useppa Dr Ave Maria, FL 2.0 2.5 1850 $10,995 $5.94 119d 1 0.60mi
5496 Agostino Way Ave Maria, FL 3.0 2.5 1858 $2,400 $1.29 6d 1 0.60mi
5374 Ferris Ave Ave Maria, FL 3.0 2.5 1933 $2,350 $1.22 119d 1 0.64mi
5453 Pikewood Ct Ave Maria, FL 2.0 2.5 1850 $7,995 $4.32 6d 1 0.65mi
5435 Pikewood Ct Ave Maria, FL 2.0 2.5 1850 $3,695 $2.00 116d 1 0.69mi
5598 Agostino Way Ave Maria, FL 3.0 2.5 1958 $2,800 $1.43 6d 1 0.73mi
5415 Pikewood Ct Ave Maria, FL 3.0 3.0 2247 $3,995 $1.78 6d 1 0.73mi
5474 Cassidy Ln Ave Maria, FL 3.0 2.5 2032 $2,650 $1.30 119d 1 0.79mi
5657 Agostino Way Ave Maria, FL 3.0 2.5 1981 $2,200 $1.11 6d 1 0.83mi
5661 Agostino Way Ave Maria, FL 3.0 2.5 2200 $2,350 $1.07 109d 1 0.83mi
5265 Messina St Ave Maria, FL 3.0 2.5 1929 $4,995 $2.59 119d 1 0.84mi
5265 Messina St Ave Maria, FL 3.0 2.5 1929 $4,995 $2.59 6d 1 0.84mi
5263 Ferrari Ave Ave Maria, FL 3.0 2.5 1929 $3,300 $1.71 6d 1 0.85mi
5573 Cobalto Way Unit 5573 Ave Maria, FL 3.0 2.0 1921 $2,400 $1.25 109d 1 0.87mi
5573 Cobalto Way Ave Maria, FL 3.0 2.0 1921 $2,400 $1.25 109d 1 0.87mi
5253 Messina St Ave Maria, FL 3.0 2.5 1929 $2,400 $1.24 6d 1 0.87mi
5476 Katia Ct Ave Maria, FL 3.0 2.5 1983 $4,300 $2.17 119d 1 0.88mi
5476 Katia Ct Ave Maria, FL 3.0 2.5 1983 $4,300 $2.17 6d 1 0.88mi
8010 Helena Ct Ave Maria, FL 2.0 2.0 1554 $2,500 $1.61 116d 1 0.88mi
8010 Helena Ct Ave Maria, FL 2.0 2.0 1554 $4,000 $2.57 6d 1 0.88mi
6160 Harmony Dr Ave Maria, FL 3.0 2.0 1558 $6,295 $4.04 6d 1 0.90mi
5554 Cassidy Ln Ave Maria, FL 2.0 2.0 1366 $2,375 $1.74 6d 1 0.90mi
5257 Juliet Ct Ave Maria, FL 2.0 2.0 1894 $2,495 $1.32 6d 1 0.90mi
5322 Nevola Ave Ave Maria, FL 3.0 3.0 1918 $2,700 $1.41 109d 1 0.90mi
6168 Harmony Dr Immokalee, FL 3.0 2.0 1570 $5,495 $3.50 109d 1 0.92mi

Property features AI

Other

Possession
Possession at closing
Multi-unit information
1 unit per floor6 units in the buildingSingle-story building

Finance

HOA & community
Mandatory HOAMaster HOA fee $203 quarterlyHOA fee $859.90 quarterlyCondo fee $1,317.63 quarterlyOne-time other fee $1,375Total annual recurring fees $9,524Total one-time fees $1,525Professional managementHOA maintenance covers cable, insurance, internet/WiFi, irrigation water, lawn/land maintenance, exterior pest control, recreation facilities, security, sewer, street lights, street maintenance, trash removal, and waterCommunity amenities include clubhouse, community pool, community spa/hot tub, fitness center (attended), exercise room, tennis, pickleball, bocce, racquetball, putting green, golf course (public/non-equity), restaurant, beauty salon, library, business center, hobby room, shopping, sidewalks, streetlights, underground utilities, private membership options and moreCommunity type: Gated, Golf Course (Ave Maria / Del Webb)

Exterior

Parking
1 assigned parking spaceAttached 1-car garagePaved drivewayGolf cart parkingGuest parking
Security
Gated community
Utilities
Water assessment paidSewer assessment paidCable availableCentral electric power
Home design
Residential carriage/coach unit in a low-rise (1–3) buildingBuilt in 2023Concrete block constructionStucco exteriorTile roofRear exposure facing south
Construction
Concrete block constructionStucco finishTile roofBuilt in 2023
Exterior features
Privacy wallAutomatic sprinkler systemGated communityLake and golf course views

Interior

Kitchen
Kitchen islandPantryElectric cooktopDishwasherDisposalMicrowaveRefrigerator
Bedrooms
2 bedrooms plus a den
Flooring
Tile
Bathrooms
2 full bathroomsMaster bath with dual sinks and shower (no tub)
Heating & cooling
Central electric heatCentral electric coolingCeiling fans
Interior features
Built-in cabinetsCable prewire / Cable availableCloset cabinetsFire sprinklersFrench doorsHigh-speed internet availablePantrySmoke detectorsWalk-in closetWheelchair accessZero/Corner door slidersDen (study)Screened lanai/porchDining in living areaEat-in kitchenNegotiable furnished statusFour ceiling fans
Laundry & utility
Laundry in residenceWasherDryerAuto garage door

HOA detail $793/mo · $9,516/yr condo

Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-23
    days on market $315,999 Active 152 DOM
  2. 2026-09-22
    days on market $315,999 Active 151 DOM
  3. 2026-09-21
    days on market $315,999 Active 150 DOM
  4. 2026-09-20
    days on market $315,999 Active 149 DOM
  5. 2026-09-18
    days on market $315,999 Active 147 DOM
  6. 2026-09-17
    days on market $315,999 Active 146 DOM
  7. 2026-09-16
    days on market $315,999 Active 145 DOM
  8. 2026-09-15
    days on market $315,999 Active 144 DOM
  9. 2026-09-14
    days on market $315,999 Active 143 DOM
  10. 2026-09-13
    days on market $315,999 Active 142 DOM
  11. 2026-09-12
    days on market $315,999 Active 141 DOM
  12. 2026-09-11
    days on market $315,999 Active 140 DOM
  13. 2026-09-05
    days on market $315,999 Active 134 DOM
  14. 2026-09-04
    days on market $315,999 Active 133 DOM
  15. 2026-09-03
    days on market $315,999 Active 132 DOM
  16. 2026-08-31
    days on market $315,999 Active 129 DOM
  17. 2026-08-30
    days on market $315,999 Active 128 DOM
  18. 2026-08-29
    days on market $315,999 Active 127 DOM
  19. 2026-08-28
    days on market $315,999 Active 126 DOM
  20. 2026-08-27
    days on market $315,999 Active 125 DOM
  21. 2026-08-26
    pricedays on market $315,999 Active 124 DOM
  22. 2026-08-25
    days on market $325,999 Active 123 DOM
  23. 2026-08-24
    days on market $325,999 Active 122 DOM
  24. 2026-08-23
    days on market $325,999 Active 121 DOM
  25. 2026-08-22
    days on market $325,999 Active 120 DOM
  26. 2026-08-21
    days on market $325,999 Active 119 DOM
  27. 2026-08-20
    days on market $325,999 Active 118 DOM
  28. 2026-08-19
    days on market $325,999 Active 117 DOM
  29. 2026-08-18
    days on market $325,999 Active 116 DOM
  30. 2026-08-16
    days on market $325,999 Active 114 DOM
  31. 2026-08-15
    days on market $325,999 Active 113 DOM
  32. 2026-08-13
    days on market $325,999 Active 111 DOM
  33. 2026-08-12
    days on market $325,999 Active 110 DOM
  34. 2026-08-11
    days on market $325,999 Active 109 DOM
  35. 2026-08-10
    days on market $325,999 Active 108 DOM
  36. 2026-08-09
    days on market $325,999 Active 107 DOM
  37. 2026-08-08
    days on market $325,999 Active 106 DOM
  38. 2026-08-07
    days on market $325,999 Active 105 DOM
  39. 2026-08-06
    days on market $325,999 Active 104 DOM
  40. 2026-08-05
    days on market $325,999 Active 103 DOM
  41. 2026-08-04
    days on market $325,999 Active 102 DOM
  42. 2026-08-03
    days on market $325,999 Active 101 DOM
  43. 2026-07-31
    days on market $325,999 Active 98 DOM
  44. 2026-07-30
    days on market $325,999 Active 97 DOM
  45. 2026-07-29
    days on market $325,999 Active 96 DOM
  46. 2026-07-27
    days on market $325,999 Active 94 DOM
  47. 2026-07-25
    pricedays on market $325,999 Active 92 DOM
  48. 2026-07-24
    days on market $335,999 Active 91 DOM
  49. 2026-07-23
    days on market $335,999 Active 90 DOM
  50. 2026-07-22
    days on market $335,999 Active 89 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

Current annual tax
$4,673 · $389/mo
Projected year-2 tax
$4,673 · $389/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$38,393
− Mortgage interest
−$17,701
− Property taxes
−$4,673
− Insurance
−$1,580
− Repairs & maintenance
−$3,071
− Management
−$3,071
− HOA
−$9,516
− Depreciation
−$9,193
Taxable loss
−$10,413
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,499
After-tax cash flow
$-2,826/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $7,690–$23,070 screening

This beautifully upgraded Egret Model Carriage Home is in excellent condition with modern finishes and a great location. It's move-in ready with minor cosmetic updates that could further enhance its value.

Value-add opportunities

  • Both Painting exterior siding — Enhances curb appeal and value
  • Both Landscaping improvements — Enhances curb appeal and value
  • Both Replace sliding glass doors — Improves energy efficiency and view

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 60/100

Zoned Schools

Elementary Estates Elementary School B+ FL #409/2,144 Nat'l #4,125/41,679 Middle Corkscrew Middle School B+ FL #109/571 Nat'l #1,406/14,009 High Palmetto Ridge High School D- FL #207/667 Nat'l #6,330/17,239

Schools (NCES district)

District
Collier
NCES district ID
1200330
Math proficiency
60% ▼ -4.00%
Reading proficiency
56% ▼ -2.00%
Median HH income
$58,275
Composite
50.23/100
National rank
#1892
State rank
#16 of 73 in FL

Livability — Ave Maria

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

Census place
Ave Maria, FL
County
Collier County · 420,858 people
Metro
Naples-Marco Island, FL
Population (ZIP)
35,149
Household income
$62,333
Rent vs Own
48.7% rent · 51.3% own
Severe rent burden
12% of renters

Population outlook (Collier County) Hauer SSP2

Today (2025)
420,858 people
By 2030
450,054 · +6.9%
By 2040
502,232 · +19.3%
By 2050
544,932 · +29.5%
By 2075
627,203 · +49.0%
By 2100
659,015 · +56.6%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Majority Hispanic (63%)
Race & ethnicity
Hispanic / Latino 63% Two or more races 39% Black 19% White 16% Native American 7%
Hispanic origin (detail)
Mexican 43% Puerto Rican 3% Cuban 2% Dominican 1%
Common ancestry
Hispanic 8% Slovak 1% Serbian 1%
Foreign-born
32% · Canada, Jamaica
Languages at home
34% English-only · Spanish 53% French/Haitian/Cajun 12%

Political lean MEDSL · Collier

2024 margin
Solid R (+33.1) · D 33.1% · R 66.2%
2008→2024 swing
-10.6pp toward R · 2008: -22.5pp · 2024: -33.1pp
All cycles
2024: R+33.1 2020: R+24.7 2016: R+26.0 2012: R+30.1 2008: R+22.5

Not yet ingested

Civics

Price history

-2.9% since first listed
2 events — show timeline
  • 2026-06-05 Price Changed $335,999 NAPLESMLS
  • 2026-04-25 Listed $345,999 NAPLESMLS

Property tax history

+6.4%/yr

Latest (2025): $4,673 · +6.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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